2,246 Shares in Vail Resorts, Inc. (MTN) Purchased by ETRADE Capital Management LLC
ETRADE Capital Management LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,246 shares of the company’s stock, valued at approximately $512,000.
A number of other institutional investors also recently modified their holdings of MTN. Commonwealth Bank of Australia increased its position in Vail Resorts by 284.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after purchasing an additional 367 shares during the period. Toronto Dominion Bank purchased a new position in Vail Resorts during the 2nd quarter valued at $100,000. Strs Ohio purchased a new position in Vail Resorts during the 2nd quarter valued at $105,000. SG Americas Securities LLC purchased a new position in Vail Resorts during the 2nd quarter valued at $117,000. Finally, IFP Advisors Inc increased its position in Vail Resorts by 61.7% during the 3rd quarter. IFP Advisors Inc now owns 802 shares of the company’s stock valued at $183,000 after purchasing an additional 306 shares during the period. 94.57% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Robert A. Katz sold 115,900 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $218.73, for a total transaction of $25,350,807.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the sale, the insider now owns 28,736 shares in the company, valued at approximately $6,391,173.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,742 shares of company stock worth $51,804,735. Company insiders own 3.30% of the company’s stock.
A number of brokerages have issued reports on MTN. Bank of America boosted their price objective on shares of Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Barclays boosted their price objective on shares of Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, September 29th. Stifel Nicolaus reissued a “buy” rating and set a $232.00 price objective (up from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $260.00 price objective (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $250.25.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded down $1.45 during mid-day trading on Friday, hitting $223.71. 357,176 shares of the stock were exchanged, compared to its average volume of 274,578. Vail Resorts, Inc. has a 1 year low of $155.10 and a 1 year high of $237.77. The company has a market cap of $9,040.00, a PE ratio of 41.89 and a beta of 0.45. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.69.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The firm had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. During the same quarter in the previous year, the business posted ($1.80) EPS. The company’s quarterly revenue was up 16.2% on a year-over-year basis. equities research analysts expect that Vail Resorts, Inc. will post 6.2 earnings per share for the current year.
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About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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